Bengaluru, the capital of Karnataka, is the city of lakes and gardens and has been long spearheading the growth of the IT industry in India. The city, thanks to the pleasant weather, fine blend of culture, cuisine and infrastructure, lures talent and manpower from all over the country. In turn, more IT companies have established their roots here, paving way for the need of Special Economic Zones (SEZ).
Having an office space in Bangalore within an SEZ would make a whole lot of difference to your business. Here is why:
- The business is exempted from Central Sales Tax and Service Tax
- The State Government levies all taxes and there is no State Sale Tax
- There is also 100% deduction on Income Tax for the first 5 years on export income and also the added convenience of having a single window clearance for State and Central Government approvals
And these are just to list a few of them.
Besides the SEZ advantages in terms of taxes levied, duty fee paid and so on, there is a whole host of other advantages of being in Bangalore. The city, often termed as the fifth metro, has great connectivity, and an advanced social infrastructure. The dynamic city inspires many of the educated migrants to settle in the city – furthering the idea of setting up an office in Bangalore seem very alluring.
Stylus is perhaps India’s first ready-to-move SEZ workspaces. Enjoy maximum tax benefits across commercial classes with our tailor-made office options, that eliminates the need to pay for unused space. We hope that this measure will greatly aid start-up companies, as we offer state-of-the-art benefits in terms of connectivity and infrastructure.